It was another volatile week in global markets, defined less by fresh data and more by the growing weight of unresolved macro risks. With the U.S. government still in shutdown and a raft of key economic reports missing, investors were left to trade sentiment rather than facts — and sentiment turned sharply negative mid-week. The…
While the US government is still in shutdown, we are not getting much official data. This puts more focus on private releases and this week we got mixed data for the US labour market. The ADP employment number for October surprised to the upside with a gain of 42k following a drop of 29k in…
Markets Risk sentiment turned sour today, both in Europe and in the US. Signs of fatigue were showing up in recent days. Many stock indices hovered sideways near the record highs with higher openings often used as a moment to take some chips off the table. It were Palantir’s earnings released after-market yesterday that ignited…
It was a week packed with market-moving headlines and wild cross-asset swings. Traders found themselves caught between optimism over a U.S.–China trade breakthrough and caution sparked by a hawkish twist from the Fed. The result was a volatile mix that saw US equities push to new records, yields jump, and currencies shuffle in dramatic fashion….
Risk appetite has not fully enjoyed the treats of a Fed rate cut, strong earnings and trade peace. Fedspeak, the US Supreme Court and US data could challenge the Dollar’s current strength. Aussie and Pound are on divergent paths as respective central banks meet next week. Yen weakness fuels verbal interventions; the battle for $4,000…
Markets ADP, the compiler of the unofficial/private labor market report ahead of the monthly payrolls, announced it’ll produce a four-week moving average of the latest total private employment change, starting today. The gauge will be published every Tuesday except in the week when its monthly jobs report is on tap. The inaugural release showed an…
U.S. consumer confidence slipped modestly in October, with Conference Board’s headline index easing to 94.6 from 95.6, though still beating expectations of 93.9. The breakdown showed mixed sentiment — Present Situation Index improved by 1.8 points to 129.3, while Expectations Index fell by 2.9 points to 71.9, remaining well below the 80 threshold that typically…
Trade war de-escalation. The Fed will continue to cut rates. Politics is holding back the euro. Verbal interventions are helping the yen. The de-escalation of the US-China trade conflict has shifted market attention to central bank monetary policy. Finance Minister Scott Bessent said that the negotiations had created a successful framework for the two countries’…
Chinese yuan rallied in Asian session after weekend reports signaled tangible progress toward a new U.S.–China trade framework. Senior economic officials from both countries agreed on the broad outline of a deal that could be finalized when Presidents Donald Trump and Xi Jinping meet later this week at the APEC summit in Gyeongju, South Korea….
Global markets resumed their risk-on momentum last week, buoyed by softer U.S. inflation data, easing political uncertainty, and renewed optimism over global trade. In the U.S., both DOW and S&P 500 climbed to fresh record highs after September CPI figures came in below expectations, cementing confidence that the Fed remains on track to deliver two…